Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bullion crazy = financial problems?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1746356, member: 26302"]I agree, but think the main point was the point of it being overdone. I am a stacker, (though some here might swear I am not), but I do not ONLY buy pm as an asset. Some people ONLY have pm as their asset, and its a very fair and cogent point that you can be right long term and still get crushed if you need to liquidate at a bad time.</p><p> </p><p>But, to your point JAF, I believe its fair as well. Most PM stackers I have ever met are good, hard working folks who understand personal finance better thna most. I simply believe they were sold a bill of goods about how pm will "go to the moon" and overdid it at higher prices. Us longtime pm buyers were wrong, and "it was different this time", right? Not trying to pat myself on the back, but trying to teach a lesson to others reading this. Right here on CT it was discussed how it "IS different this time". Any time I ever read those words, they are the scariest words in Finance possible, because its almost never true. Every bubble uses this EXACT SAME PHRASE. If you ever read this people, please hold onto your wallets and run, because it is almost always the last gasp of a bull run about to turn into a bear.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1746356, member: 26302"]I agree, but think the main point was the point of it being overdone. I am a stacker, (though some here might swear I am not), but I do not ONLY buy pm as an asset. Some people ONLY have pm as their asset, and its a very fair and cogent point that you can be right long term and still get crushed if you need to liquidate at a bad time. But, to your point JAF, I believe its fair as well. Most PM stackers I have ever met are good, hard working folks who understand personal finance better thna most. I simply believe they were sold a bill of goods about how pm will "go to the moon" and overdid it at higher prices. Us longtime pm buyers were wrong, and "it was different this time", right? Not trying to pat myself on the back, but trying to teach a lesson to others reading this. Right here on CT it was discussed how it "IS different this time". Any time I ever read those words, they are the scariest words in Finance possible, because its almost never true. Every bubble uses this EXACT SAME PHRASE. If you ever read this people, please hold onto your wallets and run, because it is almost always the last gasp of a bull run about to turn into a bear.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bullion crazy = financial problems?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...